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Investors reacted positively, elevating Apple's stock by 5.5 percent to 3.06 in extended trading after the report came out.

Inspur said the expansion will be not just in IT services, but also in hardware.

Innovation-driven growth

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Investment's contribution to the growth of China's gross domestic product will rise by 0.5 percentage points to 2.64 percentage points. In other words, about 40 percent of the year's economic growth will be generated by investment.

Instead, income disparity has widened since Moon took office, with the top income bracket now earning 5.5 times the bottom one, compared with 4.9 times before his inauguration, official data shows.

Innovation and entrepreneurship will be further encouraged with incentive mechanisms. The government will also introduce wider and more effective regulations protecting private property.

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Insurance coverage on hogs was raised temporarily as well, with that for sows rising to 1,500 yuan (1.6) from the former maximum limit of 1,200 yuan and that for finishing pigs growing to 800 yuan from 600 yuan.

Interestingly, while Amazon and Netflix compete for viewers, they are also key partners. Netflix is one of the biggest users of Amazon Web Services, the cloud computing platform that powers the behind-the-scenes infrastructure of Netflix.

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Ip said whatever decision is made, he hopes Hong Kong legislators can set aside political disputes and focus on anti-pandemic issues to help the city overcome the virus with minimum losses.

Instead of real reforms, there has been massive money printing, with major inflation in housing, fuel, health, and education costs in the West over the last 40 years, said Steger.